Business & Finance: A Radio Monopoly?

The ever-vigilant Federal Trade Commission has reported that the Radio Corporation of America possesses a virtual monopoly in the radio industry.

The Radio Corporation, in November 1919, took over the properties, patents and licenses of the Marconi Wireless Telegraph Co., and subsequently entered into agreements with companies controlling practically all patents covering radio devices, which made the Radio Corporation the selling agent for these companies. Such patents are gradually running out, however; the Fleming patent on the vacuum tube expired in 1922, and such tubes are now sold ro the public by several...

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